CHARLOTTE, N.C.--(BUSINESS WIRE)--

DebtBook, a leading provider of cloud-based software for government and nonprofit treasury and accounting teams, today announced the launch of its new Contract Management solution, enabling public finance teams to centralize post-signature agreements and track spend across departments with greater visibility and control.

Built on the same best-in-class platform behind DebtBook’s Lease Management and Subscription Management, Contract Management allows organizations to collect and maintain post-signature contracts, track key terms and spend, and access the insights needed to reduce risk, improve reporting, and negotiate with confidence.

“We’ve consistently heard from customers that managing contracts across their organization is a major pain point—ownership is fragmented, records are incomplete, and visibility into spend is limited," said Tyler Traudt, Co-Founder and CEO of DebtBook. “And for the teams responsible for compliance with GASB 87, 96, and ASC 842, one of the biggest challenges is simply identifying the full universe of contracts that impact reporting and compliance. By addressing these problem areas with a holistic contract management solution, we’re making it even easier to comply with GASB 87 and 96 at year end. The early excitement we’re seeing from customers reinforces just how valuable this solution will be.”

A native integration with DebtBook’s Lease Management and Subscription Management solutions enables continuous records across platforms and supports simplified compliance with the GASB 87 and GASB 96 standards. Updates made on either platform will sync automatically in real time, eliminating duplicate work and enabling seamless collaboration across teams.

DebtBook continues to advance its mission of helping government and nonprofit finance teams modernize how they work. With the addition of Contract Management, the company builds on its commitment to delivering innovative, integrated solutions that give teams greater visibility, control, and confidence across their finance and accounting organizations.

About DebtBook

DebtBook offers modern treasury and accounting software designed to help state and local government, higher education, healthcare, and break through operational barriers to unlock strategic insights.

Our Debt and Cash Management solutions empower strategic treasury and improve financial outcomes by automating operational work and allowing teams to more easily analyze their data and extract valuable insights. Our Lease, Subscription and Contract Management solutions give accounting teams hours back to their day by automating GASB 87, ASC 842, and GASB 96 compliance workflows, and centralizing post-signature agreements. Visit debtbook.com to see why more than 2,100 organizations nationwide work with DebtBook.

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Source: DebtBook